Tag Archives: Economy

  • China to leapfrog US as world’s biggest economy by 2028: think tank

    China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said. ...

  • India’s economic contraction slows as vaccines boost recovery hopes

    The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand. ...

  • India planning around $20 billion of new stimulus: sources

    India is planning to announce a fresh round of stimulus totalling about $20 billion this week to help pull the economy out of its historic contraction, government officials said on Wednesday. ...

  • Modi woos global investors as economy shows signs of recovery

    Indian Prime Minister Narendra Modi urged global investors on Thursday to invest in the country’s infrastructure and manufacturing sector as his government aims to bolster the economy amid some signs of recovery. ...

  • Trump or Biden, new US president faces troubled economy

    It’s still not clear yet if the next US president will be incumbent Donald Trump or Democratic challenger Joe Biden, but whoever triumphs will face monumental challenges on the economic front. ...

  • India to invest $1.46 trillion to lift virus-hit economy

    India’s prime minister said Saturday his country has done well in containing the coronavirus pandemic and announced $1.46 trillion in infrastructure projects to boost the sagging economy. ...

  • India to provide free food grains to millions of migrant workers

    India will provide free food grains to millions of migrant workers hardest hit by a weeks-long lockdown as well as offer employment under a rural jobs program, Finance Minister Nirmala Sitharaman said on Thursday. ...

  • PM Modi announces $266 billion to boost pandemic-hit economy

    Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus. ...

  • Grim economic data reveals virus devastation

    A new raft of bleak economic data laid bare the crippling worldwide impact of the coronavirus pandemic on Thursday, as hard-hit Europe moved to further ease lockdown measures in a bid to get people back to work. ...

  • Chinese investors flummoxed by India’s new foreign investment rules

    India’s plan to screen foreign direct investments from neighbouring countries has Chinese firms concerned that such scrutiny will affect their projects and delay deals in one of Asia’s most lucrative investment markets. ...